BitGo, a prominent digital asset custodian, reported a substantial increase in revenue, reaching $4.19 billion in the first half of 2025. This represents a fourfold rise compared to the previous year, driven by heightened demand for secure digital asset custody from institutional investors. Despite the revenue surge, BitGo's operating profit fell to $12.6 million from $30.9 million, suggesting increased operational costs or reinvestment. In a strategic move, BitGo has filed an S-1 with the SEC, indicating plans to go public. This step is expected to boost transparency and trust among its institutional clientele. The company's performance underscores the growing institutional adoption of cryptocurrencies and the critical need for secure custody solutions in the market.
BitGo Revenue Soars to $4.19 Billion in H1 2025 Amid Institutional Demand
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